Expanded rules for issuing subsidies for high-tech work

Expanded rules for issuing subsidies for high-tech work


The decree of the Russian government amended the rules of granting from the Federal budget subsidies to Vnesheconombank for the reimbursement of expenses related to supporting the manufacture in Russia of high-tech products for export.

MOSCOW, 5 Dec –. The Cabinet of Ministers of the Russian Federation adopted a resolution providing for the subsidization of hi-tech activities and services, including engineering services and software production.

The relevant document, posted Tuesday on the website of the Russian government amends the rules of granting from the Federal budget subsidies to Vnesheconombank for the reimbursement of expenses related to supporting the production of high-tech products.

“The signed resolution to the rules included high-tech activities and services, including engineering services and software production”, — stated in the message.

The current mechanism of subsidizing Russian producers of high-technology products allows within the framework of WTO requirements to support production of export products for civilian use, but did not affect the high-tech and services produced by Russian companies for export.

“The decision will contribute to export promotion of such works and services, improving the competitiveness of Russian exporters, to expand the range and increase the availability of financial services for exporters”, — stated in the explanatory note to the decree.